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18. Meanwhile, the cheques earlier issued by borrowers for an aggregate value of Rs. 75,03,86,792/- to Indiabulls got dishonoured. Application was filed by Indiabulls in Section 9 proceedings for vacating the status-quo order. The matter in between was carried in appeal where the order of learned Single Judge directing status-quo in respect of transfer of shares was suspended. Indiabulls, however, stated before the Appellate Court that invocation of pledge of shares will be undertaken in a completely transparent manner, on a fair evaluation of the shares and that the same would also be placed before the learned Single Judge. The Division Bench of Delhi High Court noted this stand of the Indiabulls and observed that any invocation of pledge would be open to challenge before the Court.